Technology Transfer and Financing: Issues for Long Term Climate Policy in Developing Countries
Currently, in the area of climate change, the two most contested issues for a long term policy are centered on the financing and technology transfer issues. Under the regime of climate change the developing countries are faced with the trade-off of maintaining economic growth to foster their own development and nonetheless having to moderate their emissions growth and eventually cut GHG emissions. The problem of financing actually revolves around the technology transfer issues. The use of micro-credit in financing and building climate resilient models should be followed and emphasized. Further, the financing mechanisms should be free of proliferation from other competing mechanisms. Funding should be made in a way that relieves the pressure of development for developing countries and not the other way round. Only then we shall be able to meet the goal of a sustainable, low-carbon world.